Economics for sustainable prosperity / Steven Hail.
"Steven Hail has coalesced disparate yet interdependent conceptualizations of real world phenomena in a brilliant and crucial way to produce a blueprint for sustainable prosperity. The book is essential reading for anyone searching for an alternative to the mainstream orthodoxy that has played...
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| Online Access: |
Full Text (via Springer) |
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| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Cham, Switzerland :
Palgrave Macmillan,
[2018]
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| Series: | Binzagr Institute for Sustainable Prosperity (Series)
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| Subjects: |
Table of Contents:
- Intro; Preface; Contents; List of Figures; List of Tables; Chapter 1 Introduction-Searching for a New Economics; Escaping from the Old Ideas; Two Traditions; Soft and Hard Economics; Rescuing Macroeconomics; References; Chapter 2 'Real' Analysis of an Unreal World; The New 'Science' of Monetary Policy; Real Analysis of an Imaginary World; Softening up 'Keynesian Economics'; The Chicago Boy; From Soft to Super-Soft Economics; The Second Neoclassical Synthesis; In My End Is My Beginning; References; Chapter 3 New Wisdom from Old Books; Keynes and Three Other Post-Keynesians.
- Paul Davidson: Uncertainty and Liquidity PreferenceHyman Minsky and Financial Instability; Michal Kalecki and the Distribution of Income; References; Chapter 4 Behavioural Foundations; People as They Are Not; People as They Are; Two Cognitive Systems; Utility Theory; Anomalies with Orthodoxy; The Heuristics Approach; Prospect Theory; Reference Dependence and the Framing of Inequality; References; Chapter 5 Modern Monetary Theory; Axioms of Modern Monetary Theory; Abba Lerner's Laws of Functional Finance; MMT Basics; Fiscal Sustainability.
- Money, Banking, Reserves and the Money Multiplier FallacyMonetary Policy in the Real World; References; Chapter 6 Stock-Flow Consistent Monetary Economics; Accounting for Stocks and Flows; Sectoral Balances; Stock-Flow Consistent Monetary Models; A Simulation Model; A Policy Experiment; Appendix; References; Chapter 7 A Job Guarantee; Unemployment, Inequality and Well-Being; Official Unemployment Statistics; A Guaranteed Job; Phillips Curves; A Three-Part Phillips Curve; Replacing NAIRU with NAIBER; Framing a Job Guarantee; Job Satisfaction; References.
- Chapter 8 Conclusion-Economics for Sustainable ProsperityPositive Economics; Economics Is Not Cosmology; A Sense of Purpose; Genuine Progress; Framing MMT; Towards an Economics for Sustainable Prosperity; References; Bibliography; Index.